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elliemae
2010 Apr 9, 1:38pm
From my friend's experience, the bank might not be willing to speak with you. But you can always hire a RE attorney, which is much better than a realtor considering you need legal advice. the realtor who works for the bank and himself certainly doesn't work for you.
Take my advice, as someone who's been there... GET THEM TO FORGIVE THE REMAINING DEBT! Hear that? GET THEM TO FORGIVE THE DEBT! IN WRITING!
If you don't, like I didn't, this could haunt you for years.
It would help a great deal, if you would post some details about your situation. Otherwise, it really is impossible to have any idea what advice you need.
Yeah it appears he is buying a short sale home. How are you being misrepresented by your buyer agent? He showed you the house, and filled out the purchase agreement for you. He's done his job for his 3% already.
It's all in the hands of the bank and the seller agent now.
elliemae
2010 Apr 11, 5:04am
It’s all in the hands of the bank and the seller agent now.
According to the OP, the seller agent is buyer's agent. Therefore, the bank holds all the cards, and the agent's goal is to get as much $$ as he can for this home. He'll get paid either way - his loyalty is to himself.
He should get a RE lawyer if he wants legal advice.
Hi,
I am in the middle negotiating a deal on a short sale house, and feel that I am being misrepresented by my agent (he is also representing the bank). I have the negotiator from the banks contact information, and was wondering if I can deal with him directly going forward. Does anyone know the answer or have experience doing this?
Thanks so much.